The Mindset of A Forex Professional

This post is part of the free beginners Forex course It does not matter how strong your trading strategy is, if you do not have the proper attitude, you will never become a profitable trader. Greed and its corollary emotions will likely start to cloud your mind and slowly destroy your account, much like a…

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Building A Forex Trading Plan

This post is part of the free beginners Forex course There are two vital components which are needed to become a successful Forex trader: developing a technically-sound trading plan and executing it on a daily basis. It is also crucial to keep in mind that a trading plan that brings one person success, may not…

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Forex Market Hours – Best Time To Trade Currencies?

This post is part of the free beginners Forex course One of the greatest features of the foreign exchange market is that it is open 24 hours, five days every week (closed Saturday and Sunday). However, a trader can buy and sell currencies at any point when a single market is open. As we will…

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Forex Math: Lots, Pips, and Risk

This post is part of the free beginners Forex course As the common saying goes, when trading you have to buy low and sell high. However, you can also try to sell high and buy low. That may sound peculiar, but in currency trading when you sell a currency pair, you are essentially buying the…

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Forex Market Basics

This post is part of the free beginners Forex course The Foreign Exchange currency market comes with its own technical jargon that could be confusing to the average person. Before going any further, it is important to understand some of the basic terms, terminologies and concepts to better understand the forex markets. Here is what…

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